10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2010 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Net income loss attributable to reporting entity | |||
| Income loss from continuing operations before income taxes minority | |||
| Revenues: | |||
| Investment gains/losses | $ 4,058 | 318 | 1,173 |
| Derivative gains/losses | 261 | 3,624 | (6,821) |
| Total revenues | 136,185 | 112,493 | 107,786 |
| Costs and expenses: | |||
| Insurance losses and loss adjustment expenses | 18,087 | 18,251 | 16,259 |
| Total costs and expenses | 117,134 | 100,941 | 100,212 |
| Earnings before income taxes | 19,051 | 11,552 | 7,574 |
| Income tax expense | 5,607 | 3,538 | 1,978 |
| Earnings from equity method investments | 50 | 427 | |
| Net earnings | 13,494 | 8,441 | 5,596 |
| Less: Earnings attributable to noncontrolling interests | 527 | 386 | 602 |
| Net earnings attributable to Berkshire Hathaway | 12,967 | 8,055 | 4,994 |
| Average common shares outstanding | 1,635,661 | 1,551,174 | 1,548,960 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Statement Business Segment | |||
| Insurance and Other | |||
| Insurance premiums earned | 30,749 | 27,884 | 25,525 |
| Sales and service revenues | 67,225 | 62,555 | 65,854 |
| Interest, dividend and other investment income | 5,215 | 5,531 | 5,140 |
| Investment gains/losses | 4,044 | 358 | 1,166 |
| Other-than-temporary impairment losses on investments | (1,973) | (3,155) | (1,813) |
| Total revenues | 105,260 | 93,173 | 95,872 |
| Insurance losses and loss adjustment expenses | 18,087 | 18,251 | 16,259 |
| Life, annuity and health insurance benefits | 4,453 | 1,937 | 1,942 |
| Insurance underwriting expenses | 6,196 | 6,236 | 4,634 |
| Cost of sales and services | 55,585 | 52,647 | 54,103 |
| Selling, general and administrative expenses | 7,704 | 8,117 | 8,052 |
| Interest expense | 278 | 189 | 212 |
| Total costs and expenses | 92,303 | 87,377 | 85,202 |
| Railroad, Utilities and Energy | |||
| Operating revenues | 26,186 | 11,204 | 12,668 |
| Other | 178 | 239 | 1,303 |
| Total revenues | 26,364 | 11,443 | 13,971 |
| Cost of sales and operating expenses | 19,637 | 8,739 | 9,840 |
| Interest expense | 1,577 | 1,176 | 1,168 |
| Total costs and expenses | 21,214 | 9,915 | 11,008 |
| Finance and Financial Products | |||
| Interest, dividend and other investment income | 1,683 | 1,600 | 1,616 |
| Investment gains/losses | 14 | (40) | 7 |
| Derivative gains/losses | 261 | 3,624 | (6,821) |
| Other | 2,603 | 2,693 | 3,141 |
| Total revenues | 4,561 | 7,877 | (2,057) |
| Interest expense | 703 | 627 | 583 |
| Other | 2,914 | 3,022 | 3,419 |
| Total costs and expenses | 3,617 | 3,649 | 4,002 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 7928 | 5193 | 3224 |
| Class B | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 5 | 3 | 2 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2010 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Comprehensive income attributable to Berkshire Hathaway: | |||
| Net earnings | $ 12,967 | 8,055 | 4,994 |
| Other comprehensive income: | |||
| Net change in unrealized appreciation of investments | 5,398 | 17,607 | (23,342) |
| Applicable income taxes | (1,866) | (6,263) | 8,257 |
| Reclassification of investment appreciation in earnings | (1,068) | 2,768 | 895 |
| Applicable income taxes | 374 | (969) | (313) |
| Foreign currency translation | (172) | 851 | (2,140) |
| Applicable income taxes | (21) | (17) | 118 |
| Prior service cost and actuarial gains/losses of defined benefit plans | (76) | (41) | (1,071) |
| Applicable income taxes | 25 | (1) | 389 |
| Other, net | 195 | (206) | (60) |
| Other comprehensive income, net | 2,789 | 13,729 | (17,267) |
| Comprehensive income attributable to Berkshire Hathaway | 15,756 | 21,784 | (12,273) |
| Comprehensive income of noncontrolling interests | 536 | 585 | 347 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash and cash equivalents period increase decrease | |||
| Cash flows from operating activities: | |||
| Net earnings | $ 13,494 | 8,441 | 5,596 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Investment (gains) losses and other-than-temporary impairment losses | (2,085) | 2,837 | 640 |
| Depreciation | 4,279 | 3,127 | 2,810 |
| Other | 255 | (149) | (1,248) |
| Changes in operating assets and liabilities before business acquisitions: | |||
| Losses and loss adjustment expenses | 1,009 | 2,165 | 1,466 |
| Deferred charges reinsurance assumed | 147 | (39) | 64 |
| Unearned premiums | 110 | (21) | 1,311 |
| Receivables and originated loans | (1,979) | 697 | (2,222) |
| Derivative contract assets and liabilities | (880) | (5,441) | 7,827 |
| Income taxes | 2,348 | 2,035 | (2,057) |
| Other assets and liabilities | 1,197 | 2,194 | (2,935) |
| Net cash flows from operating activities | 17,895 | 15,846 | 11,252 |
| Cash flows from investing activities: | |||
| Purchases of fixed maturity securities | (9,819) | (10,798) | (35,615) |
| Purchases of equity securities | (4,265) | (4,570) | (10,140) |
| Purchases of other investments | (7,068) | (14,452) | |
| Sales of fixed maturity securities | 5,435 | 4,338 | 14,796 |
| Redemptions and maturities of fixed maturity securities | 6,517 | 5,234 | 18,550 |
| Sales of equity securities | 5,886 | 5,626 | 6,840 |
| Purchases of loans and finance receivables | (3,149) | (854) | (1,446) |
| Principal collections on loans and finance receivables | 3,498 | 796 | 740 |
| Acquisitions of businesses, net of cash acquired | (15,924) | (108) | (6,050) |
| Purchases of property, plant and equipment | (5,980) | (4,937) | (6,138) |
| Other | (476) | 1,180 | 849 |
| Net cash flows from investing activities | (18,277) | (11,161) | (32,066) |
| Cash flows from financing activities: | |||
| Change in short term borrowings, net | 370 | (885) | 1,183 |
| Acquisitions of noncontrolling interests and other | (95) | (410) | (132) |
| Net cash flows from financing activities | 8,125 | 233 | 2,286 |
| Effects of foreign currency exchange rate changes | (74) | 101 | (262) |
| Increase/decrease in cash and cash equivalents | 7,669 | 5,019 | (18,790) |
| Cash and cash equivalents: | |||
| Cash and cash equivalents at beginning of year | 30,558 | 25,539 | |
| Cash and cash equivalents at end of year | 38,227 | 30,558 | 25,539 |
| Statement Business Segment | |||
| Insurance and Other | |||
| Proceeds from borrowings | 8,204 | 289 | 134 |
| Repayments of borrowings | (430) | (746) | (247) |
| Cash and cash equivalents at beginning of year | 34,767 | 24,356 | 24,356 |
| Cash and cash equivalents at end of year | 34,767 | 24,356 | 24,356 |
| Railroad, Utilities and Energy | |||
| Proceeds from borrowings | 1,731 | 1,241 | 2,147 |
| Repayments of borrowings | (777) | (444) | (2,147) |
| Cash and cash equivalents at beginning of year | 2,557 | 280 | 280 |
| Cash and cash equivalents at end of year | 2,557 | 280 | 280 |
| Finance and Financial Products | |||
| Proceeds from borrowings | 1,539 | 1,584 | 5,195 |
| Repayments of borrowings | (2,417) | (396) | (3,847) |
| Cash and cash equivalents at beginning of year | 903 | 903 | 903 |
| Cash and cash equivalents at end of year | 903 | 903 | 903 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BERKSHIRE HATHAWAY INC | ||
Ticker: BRK Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Cash and cash equivalents | $ 38,227 | 30,558 |
| Investments in fixed maturity securities | 34,883 | 37,131 |
| Investments in equity securities | 61,513 | 59,034 |
| Other investments | 23,009 | 32,600 |
| Inventories | 7,101 | 6,147 |
| Goodwill | 49,006 | 33,972 |
| Total assets | 372,229 | 297,119 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Losses and loss adjustment expenses | 60,075 | 59,416 |
| Income taxes, principally deferred | 36,352 | 19,225 |
| Total liabilities | 209,295 | 161,334 |
| SHAREHOLDERS' EQUITY | ||
| Common stock | 8 | 8 |
| Capital in excess of par value | 37,533 | 27,074 |
| Accumulated other comprehensive income | 20,583 | 17,793 |
| Retained earnings | 99,194 | 86,227 |
| Berkshire Hathaway shareholders' equity | 157,318 | 131,102 |
| Noncontrolling interests | 5,616 | 4,683 |
| Total shareholders' equity | 162,934 | 135,785 |
| Total liabilities and shareholders' equity | 372,229 | 297,119 |
| Statement Business Segment | ||
| Insurance and Other | ||
| Cash and cash equivalents | 34,767 | 28,223 |
| Investments in fixed maturity securities | 33,803 | 35,729 |
| Investments in equity securities | 59,819 | 56,562 |
| Other investments | 19,333 | 29,440 |
| Receivables | 20,917 | 14,792 |
| Inventories | 7,101 | 6,147 |
| Property, plant and equipment | 15,741 | 15,720 |
| Goodwill | 27,891 | 27,614 |
| Other | 13,529 | 13,070 |
| Total assets | 232,901 | 227,297 |
| Losses and loss adjustment expenses | 60,075 | 59,416 |
| Unearned premiums | 7,997 | 7,925 |
| Life, annuity and health insurance benefits | 8,565 | 5,228 |
| Accounts payable, accruals and other liabilities | 15,826 | 15,530 |
| Notes payable and other borrowings | 12,471 | 4,561 |
| Total liabilities | 104,934 | 92,660 |
| Railroad, Utilities and Energy | ||
| Cash and cash equivalents | 2,557 | 429 |
| Investments in equity securities | 1,182 | 1,986 |
| Property, plant and equipment | 77,385 | 30,936 |
| Goodwill | 20,084 | 5,334 |
| Other | 13,579 | 8,072 |
| Total assets | 113,605 | 44,771 |
| Accounts payable, accruals and other liabilities | 12,367 | 5,895 |
| Notes payable and other borrowings | 31,626 | 19,579 |
| Total liabilities | 43,993 | 25,474 |
| Finance and Financial Products | ||
| Cash and cash equivalents | 903 | 1,906 |
| Investments in fixed maturity securities | 1,080 | 1,402 |
| Investments in equity securities | 512 | 486 |
| Other investments | 3,676 | 3,160 |
| Loans and finance receivables | 15,226 | 13,989 |
| Goodwill | 1,031 | 1,024 |
| Other | 3,807 | 3,570 |
| Total assets | 25,723 | 25,051 |
| Accounts payable, accruals and other liabilities | 1,168 | 937 |
| Derivative contract liabilities | 8,371 | 9,269 |
| Notes payable and other borrowings | 14,477 | 13,769 |
| Total liabilities | 24,016 | 23,975 |
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |